2 ms·
Having had a second to think, it's rent control that's the issue, so the solution would be to get rid of that. Totally politically untenable, but rent control i
by fragmede 4mo ago
Having had a second to think, it's rent control that's the issue, so the solution would be to get rid of that. Totally politically untenable, but rent control is why landlords are incentivized to leave places vacant.
- Schiendelman 4mo agoEven without rent control, it's often easier to leave a place empty because it keeps your risk lower. In places that allow supply to keep up with demand, notably Japan, buildings depreciate fairly quickly, so your investment goes away if you aren't actively monetizing it.